Privately selling apartment
Posted: 21 Sep 2012 14:56
Hi I was wondering if you could give me any advice;
I inherited my late fathers apartment in limassol in 2007 and have the title deeds to the apartment in mine and my sisters names (50/50). We plan to now sell the apartment and have someone in cyprus who is interested in purchasing it. Could you please advise me on:
1. Do I need to get an evaluation of the property or can we just agree on a price?
2. Do we need to get a solicitor involved or do we just visit the land registry office?
3. What are the tax implications?
4. What would be the best way to do the transaction, given that the purchaser would be in Cyprus (therefore paying in Euros) and we live in the UK (and would need to get the funds moved from our cyprus bank account back to one in the UK(Sterling)
5. Are there any other issues that I should be aware of before proceeding with selling the apartment?
Many thanks for any advice you may have
Sharon
I inherited my late fathers apartment in limassol in 2007 and have the title deeds to the apartment in mine and my sisters names (50/50). We plan to now sell the apartment and have someone in cyprus who is interested in purchasing it. Could you please advise me on:
1. Do I need to get an evaluation of the property or can we just agree on a price?
2. Do we need to get a solicitor involved or do we just visit the land registry office?
3. What are the tax implications?
4. What would be the best way to do the transaction, given that the purchaser would be in Cyprus (therefore paying in Euros) and we live in the UK (and would need to get the funds moved from our cyprus bank account back to one in the UK(Sterling)
5. Are there any other issues that I should be aware of before proceeding with selling the apartment?
Many thanks for any advice you may have
Sharon